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Bombardier Inc. | Series 2 Cumulative Redeemable Preferred Shares (BBD.PRB.CA)
Prospectus excerpt: Until July 31, 2002, the Series 2 Cumulative Redeemable Preferred Shares will be entitled to fixed cumulative preferential cash dividends of $1.375 per share per annum, as and when declared by the Board of Directors of Bombardier Inc. which will accrue from the date of issue and will be payable, if declared, quarterly on the last day of January, April, July and October in each year, with the initial dividend, if declared, payable on July 31, 1997 in the amount of $0.2637 per share assuming an issue date of May 22, 1997. Full Prospectus PDF », BBD.B.CA Page »
| Series: | 2 | | Alternate symbology: | BBD-B.CA, BBD-PB.CA, BBDprB.CA | | Redeemable?: | Yes | | Call Date: | 8/1/2002 (Now Trading Post Call Date) | | Perpetual?: | Yes | | Cumulative?: | Yes | | Conversion Ratio: | Holders of Series 2 Preferred Shares will have the right to convert their shares into Series 3 Cumulative Redeemable Preferred Shares of the Corporation, subject to certain conditions, on August 1, 2002 and on August 1 every fifth year thereafter. In addition, holders of Series 3 Preferred Shares will have a similar right on August 1, 2007 and on August 1 every fifth year thereafter, subject to certain conditions, to convert back into Series 2 Preferred Shares. In certain circumstances, such conversions may be automatic. | | Shares Offered: | 12000000 | | Liquidation Preference: | $25 | | Recent Market Price: | $17.41 | Discount to Liquidation Preference:
(More Preferreds Trading at a Discount ») | $-7.59 (-30.36%) | | Annualized Dividend: | 1.8 | | Recent Ex-Date: | 4/29/2024 | | Current Yield: | 10.34% | | Original Coupon: | .375 per share until 7/31/02, then from August 1, 2002, the Series 2 Preferred Shares will be entitled to floating adjustable cumulative preferential cash dividends, as and when declared by the Board of Directors of the Corporation, which will accrue from August 1, 2002, and will be payable, if declared, monthly on the 15th day of each month commencing with the month of September 2002, with the annual floating dividend rate for the first month equal to 80% of Prime. The dividend rate will float in relation to changes in Prime and will be adjusted upwards or downwards on a monthly basis whenever the Calculated Trading Price (as defined herein) of the Series 2 Preferred Shares is 4.90 or less or 5.10 or more, respectively. The maximum monthly adjustment for changes related to the Calculated Trading Price will be A4.00% of Prime. The annual floating dividend rate applicable in a month will in no event be less than 50% of Prime or greater than Prime. | | Pay Period: | Quarterly | | Pay Dates: | 31-Jan, 30-Apr, 31-Jul, 31-Oct | | CDx3 Compliance Rating: |
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Bombardier is engaged in manufacturing of transportation equipment, including business and commercial aircraft, as well as major aircraft structural components, and rail transportation equipment and systems, and is a provider of related services. Co. carries out its operations in two distinct segments: Aviation and Transportation. Preferreds: BBD.PRB.CA, BBD.PRC.CA, BBD.PRD.CA
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